Never Mind Geography, Israel Eyes Membership of European Indexes
- Nation says its economy resembles Europe more than Middle East
- Regulators see $2 billion flowing into stocks if bid succeeds
Photographer: Rina Castelnuovo/Bloomberg
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It may be nestled between Asia and Africa, but Israel is asking global investors to treat it as a European market.
Six years after the nation’s bid to join the continent’s benchmarks failed, regulators are again targeting membership of gauges such as the MSCI Europe Index for stocks and FTSE Euro Corporate Bond Index. They’re reaching out to providers to understand what needs to be done to remove any obstacles, said Anat Guetta, the chair of the Israel Securities Authority.